Can This Be Done?

[maxreturn]

My setup is essentially a "bracket" trade which places a buy stop 1 tick above a certain level and a sell stop 1 tick below a certain level. Is it possible to create one ATM strategy to manage both sides of this trade? Essentially what I would like to do is if filled on the buy side the trade would be managed according to my specifications (stop loss, profit target, BE). But if stopped out on the long side and subsequently my sell bracket is hit the ATM would then start managing the short trade according to my specifications. If you need more clarity, please ask. Thanks in advance.

Chuck

[NinjaTrader_ChristopherJ]

Hello Chuck,

Thank you for your post.

I believe I understand what you are accomplish which is to have a bracket order without utalizing the OCO feature. If I am understanding you correctly please use the steps I have provided below.

• Choose the ATM Strategy you would like attached to your Long Position
• Submit your Buy Stop Order
• Chooose the ATM Strategy you would like attached to your Short Position
• Submit your Sell Stop Order

I have provided a link to our Help Guide that goes over Submitting Orders.

http://www.ninjatrader-support.com/HelpGuideV6/ManagingOrders.html

Please let me know if I may be of further assistance.

[maxreturn]

Hello Chris. I thought that since only one ATM strategy shows as "active" that one could only have one ATM strategy working at a time. But you're saying I could have two working at the same time?

[NinjaTrader_ChristopherJ]

Hello Chuck,

Yes, that is correct you may have mutiple orders submitted at the same time with the same or different ATM Strategies attached to each order.

[maxreturn]

Too cool. Thanks Chris. Happy 4th!

[duggie]

Ok.....then.......what if?

Hello Chuck,

Thank you for your post.

I believe I understand what you are accomplish which is to have a bracket order without utalizing the OCO feature. If I am understanding you correctly please use the steps I have provided below.

• Choose the ATM Strategy you would like attached to your Long Position
• Submit your Buy Stop Order
• Chooose the ATM Strategy you would like attached to your Short Position
• Submit your Sell Stop Order

I have provided a link to our Help Guide that goes over Submitting Orders.

http://www.ninjatrader-support.com/HelpGuideV6/ManagingOrders.html

Please let me know if I may be of further assistance.

So what if you wanted to do this as an oco? Then which ever position hits you won't have to cancel. I would like to do this whole set up in two clicks with the profit targets in both positions preset.

When I try it won't let me.....says "You Can't submit an exit order to a strategy until any of its entry orders has been filled"

Please advise

[NinjaTrader_VinceB]

Hi,

If I'm following this post correctly, you need to do the following:
In order to do this you need to right click in the DOM and enable 'OCO Order' and do the following:
- Select or set up your ATM Strategy
- Submit Buy Stop order above the market
- Re-select or change the ATM Strategy
- Submit Sell Stop order below the market
- After one of the orders is filled, disable 'OCO Order' via the right click menu

Let me know if this is the answer you're looking for.

[duggie]

Thanks Vincent

Hi,

If I'm following this post correctly, you need to do the following:
In order to do this you need to right click in the DOM and enable 'OCO Order' and do the following:
- Select or set up your ATM Strategy
- Submit Buy Stop order above the market
- Re-select or change the ATM Strategy
- Submit Sell Stop order below the market
- After one of the orders is filled, disable 'OCO Order' via the right click menu

Let me know if this is the answer you're looking for.

That worked and I was even able to change a setting that kept my same strategy in place and I can execute the strategy with 2 clicks. The only problem is when one of the orders gets filled It doesn't put my profit target or stop loss in place that should go along with my atm stragety.

The reason I want my profit target order and stop loss order in place is so I can see where I got filled and then be able to move my profit target if I choose.

Any ideas on that?

[NinjaTrader_VinceB]

Hi,

If you follow the instructions correctly, a Stop and Target should be placed. Could it be they are out of sight and you need to scroll to get (one of) them in sight?

[duggie]

Could it be that I don't click off the oco right after an order is filled? I trade the news announcements and the order is filled and the profit target usually hit within 2-3 seconds after I put the straddle in. That doesn't give me time to turn off oco.

[NinjaTrader_ChristopherJ]

Hi,

You will want to disable OCO after you have submitted your entry orders and prior to your buy or sell order being filled/executed.

[duggie]

I will give that some practice.....thanks!